Bhel to partner private sector to clinch orders - by swat_study
Bharat Heavy Electricals Ltd, or Bhel, might partner private sector firms Jindal Steel and Power Ltd and GVK Power and Infrastructure Ltd to secure long-term orders.
Bhel has been increasingly looking at opportunities where it not only generates orders but also blocks out emerging rivals. It posted a net profit of Rs2,815 crore on a revenue of Rs21,608 crore in 2007-08 and ended the year with an order book worth Rs50,265 crore.
By 2012, the company plans to manufacture equipment capable of generating 56,000MW. It has orders of 31,923MW and 9,775MW of equipment from unused stock.
Bhel has been increasingly criticized for failing to deliver on time that leads to delayed commissioning of projects.
Bhel aims to top turnover of Rs45,000 crore by 2011-12 with capacity to manufacture equipment to power 15,000MW by the end of next year. Its current capacity is 10,000MW a year.